Birdy's IPO vs Faalcon Concepts IPO

Comparision between Birdy's IPO and Faalcon Concepts IPO.

IPO Details

Birdy's IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Faalcon Concepts IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Birdy's IPO	Faalcon Concepts IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Navigant Corporate Advisors Ltd
Registrar	Bigshare Services Pvt Ltd	Beetal Financial & Computer Services (P) Limited
Market Maker	Rikhav Securities Limited	Alacrity Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Birdy's IPO is up to ₹16.47 Cr whereas the issue size of the Faalcon Concepts IPO is up to ₹12.09 Cr. The final issue price of Birdy's IPO is ₹120.00 per share and of Faalcon Concepts IPO is ₹62.00 per share.

	Birdy's IPO	Faalcon Concepts IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹120.00 per share	₹62.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	13,72,800 shares	19,50,000 shares
Fresh Issue Size (Amount)	up to ₹16.47 Cr	up to ₹12.09 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,72,800 shares	19,50,000 shares
Issue Size Total (Amount)	up to ₹16.47 Cr	up to ₹12.09 Cr

IPO Timetable

Birdy's IPO opens on Apr 15, 2024, while Faalcon Concepts IPO opens on Apr 19, 2024. The closing date of Birdy's IPO and Faalcon Concepts IPO is Apr 18, 2024, and Apr 23, 2024, respectively.

	Birdy's IPO	Faalcon Concepts IPO
Anchor Bid Date
Issue Open	Apr 15, 2024	Apr 19, 2024
Issue Close	Apr 18, 2024	Apr 23, 2024
Basis Of Allotment (Tentative)	Apr 19, 2024	Apr 24, 2024
Initiation of Refunds (Tentative)	Apr 22, 2024	Apr 25, 2024
Credit of Share (Tentative)	Apr 22, 2024	Apr 25, 2024
Listing date (Tentative)	Apr 23, 2024	Apr 26, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Birdy's IPO P/E ratio is 23.12, as compared to Faalcon Concepts IPO P/E ratio of 16.85.

Birdy's IPO

Faalcon Concepts IPO

Financial

Grill Splendour Services Limited Financial Information (Restated)

Grill Splendour Services Limited's revenue increased by 32.92% and profit after tax (PAT) rose by 5654.34% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,211.54	764.02	290.59	265.98
Revenue	885.64	1,531.62	1,152.27	825.22
Profit After Tax	61.65	199.10	3.46	-3.63
Net Worth	494.98	200.79	1.69	-1.77
Reserves and Surplus	111.44	199.79	0.69	-2.77
Amount in ₹ Lakhs

Faalcon Concepts Limited Financial Information (Restated)

Faalcon Concepts Limited's revenue decreased by -28.5% and profit after tax (PAT) rose by 83.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,417.67	1,292.64	916.77	553.85
Revenue	1,249.11	1,324.81	1,852.93	502.21
Profit After Tax	131.82	179.52	97.79	12.34
Net Worth	631.39	327.53	129.02	22.23
Reserves and Surplus	143.37	325.26	127.61	21.23
Total Borrowing	366.04	190.58	67.10	48.30
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

49.75%

91.76%

Promoter Shareholding (Post-Issue)

36.64%

65.56%

P/E Ratio

23.12

16.85

Market Cap

₹62.50 Cr.

₹42.35 Cr.

ROE

27.49%%

ROCE

26.18%%

Debt/Equity

1.5

0.58

EPS

₹5.19

₹3.68

RoNW

12.46%%

20.88%%

Shares Offered

In the Birdy's IPO retail investors (RII) are offered 6,51,600 shares while in Faalcon Concepts IPO retail investors are offered 6,51,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Birdy's IPO and 0 shares in Faalcon Concepts IPO.

	Birdy's IPO	Faalcon Concepts IPO
Anchor Investor Reserveration
Market Maker Reserveration	69,600 shares	98,000 shares
QIB	0 shares	0 shares
NII	6,51,600 shares	9,26,000 shares
RII	6,51,600 shares	9,26,000 shares
Employee	0 shares	0 shares
Others
Total	13,03,200 shares	18,52,000 shares

Bids Received (Subscription)

Birdy's IPO subscribed 8.68x in total, whereas Faalcon Concepts IPO subscribed 71.28x.

	Birdy's IPO	Faalcon Concepts IPO
QIB (times)
NII (times)	4.59x	93.27x
Big NII (times)
Small NII (times)
RII (times)	12.78x	47.17x
Employee (times)
Other (times)
Total (times)	8.68x	71.28x

Compare with others

Birdy's IPO	Faalcon Concepts IPO
ABS Marine Services IPO	Storage Technologies Racks and Rollers IPO
Shivam Chemicals IPO	Mandeep Auto Industries IPO
Varyaa Creations IPO	ABS Marine Services IPO
Faalcon Concepts IPO	Shivam Chemicals IPO
Emmforce Autotech IPO	Varyaa Creations IPO
Greenhitech Ventures IPO	Emmforce Autotech IPO
Finelistings Technologies IPO	Birdy's IPO
Ramdevbaba Solvent IPO	Greenhitech Ventures IPO
Teerth Gopicon IPO	Finelistings Technologies IPO
DCG Cables & Wires IPO	Ramdevbaba Solvent IPO

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